Dirui Industrial Co Ltd Stock Forecast
Green day on Tuesday for Dirui Industrial Co Ltd stock after gaining 0.0385%
(Updated on Apr 30, 2024)
The Dirui Industrial Co Ltd stock price gained 0.0385% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥26.00 to ¥26.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.18% from a day low at ¥24.18 to a day high of ¥26.40. The price has risen in 6 of the last 10 days and is up by 18.93% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 4 million shares were bought and sold for approximately ¥96.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ¥25.33, a level that may pose a second chance to hit a runner. According to fan-theory ¥29.95 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300396.SZ Signals & Forecast
Mostly positive signals in the chart today. The Dirui Industrial Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥24.93 and ¥23.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Dirui Industrial Co Ltd stock
Dirui Industrial Co Ltd finds support from accumulated volume at ¥24.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥2.22 between high and low, or 9.18%. For the last week, the stock has had daily average volatility of 5.25%.
Our recommended stop-loss: ¥25.16 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (300396.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dirui Industrial Co Ltd to open at ¥25.53, and during the day (based on 14 day Average True Range), to move between ¥24.69 and ¥27.33, which gives a possible trading interval of +/-¥1.32 (+/-5.06%) up or down from last closing price. If Dirui Industrial Co Ltd takes out the full calculated possible swing range there will be an estimated 10.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥26.40 (1.50%) than the support at ¥24.85 (4.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Dirui Industrial Co Ltd will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Dirui Industrial Co Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.07% in the first trading day after earnings release.
Is Dirui Industrial Co Ltd stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.034 Buy Candidate Unchanged
Predicted Opening Price for Dirui Industrial Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥25.53 ( 1.85%) | ¥26.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300396.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.75 | 6.69 % | |
| R2 | 26.90 | 3.43 % | ||
| R1 | 26.38 | 1.41 % | ||
| Current price: | 26.01 | |||
| Support | S1 | 24.68 | -5.11 % | |
| S2 | 24.16 | -7.12 % | ||
| S3 | 23.31 | -10.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.55 | 5.92 % | |
| R2 | 26.70 | 2.65 % | ||
| R1 | 26.40 | 1.50 % | ||
| Current price | 26.01 | |||
| Support | S1 | 24.85 | -4.46% | |
| S2 | 24.21 | -6.92% | ||
| S3 | 21.87 | -15.92% |
300396 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | ¥0.480 | 1.32% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ¥0.380 | 2.52% |
| 3 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | ¥0.490 | 2.26% |
| 4 | May 25, 2020 | May 25, 2020 | May 25, 2020 | ¥0.500 | 2.30% |
| 5 | May 23, 2019 | May 23, 2019 | May 23, 2019 | ¥0.280 | 1.69% |
FAQ
Click here for our free guide on how to buy Dirui Industrial Co Ltd Stock.
